Joaquín Guzmán Loera, also known as El Chapo or Shorty, was the head of the Sinaloa Cartel, one of the largest and most powerful drug trafficking organizations in Mexico. He was arrested in 2014 and found guilty of drug trafficking charges in 2017 and sentenced to life in prison. As one of the most-wanted men in Mexico, he’s spent most of his life on the run from authorities and has been featured on Forbes’ list of Most Powerful People for two years running. So how much money does he have? What about other members of his cartel?
Brief background on Who Is El Chapo
Joaquin Archivaldo Guzman Loera, also known as El Chapo or Shorty, is a Mexican drug lord who became notorious for being one of Mexico’s most powerful cartel leaders. He first started out smuggling marijuana, but later moved on to cocaine and heroin. His Sinaloa Cartel—one of Mexico’s largest drug trafficking organizations—is known for having significant influence in several areas throughout Mexico and has been named one of Mexico’s Most Dangerous Criminal Organizations. In 2017, Guzman was arrested following a shootout between security forces and him; he was captured after more than six months on-the-run while hiding in a tunnel that led from his home directly into an abandoned industrial building.
View this post on Instagram
Brief Background on his Rise To Power
Joaquin Guzman Loera, also known as El Chapo which translates to Shorty, was born in La Tuna, Badiraguato, Sinaloa on January 8th , 1962. His nickname was given to him because of his short height and strong features. Growing up in an impoverished area, he eventually became involved with a local gang and began stealing cars. This incident got him arrested and he spent nine years in prison for murder charges.
His Prison Life & Escape
In 2015, Guzmán escaped from prison and hid for a year before being recaptured in 2016. Currently, he awaits trial in New York on charges that include conspiracy to import narcotics into the United States. In 2018, his family hired former attorney Sean Penn to work with them and secure Guzmán’s release. It remains unclear how much Guzmán could be worth or what his net worth will be post-trial but if he is convicted on all charges and given no possibility of parole, some estimate it would surpass $100 million at auction. If a smaller portion of that amount were dedicated toward legal fees, Guzmán’s wealth would most likely still exceed $50 million.
Estimated worth based on cartel earnings
$1 billion in 2009, $3 billion in 2012, and $6 billion in 2014. His net worth has continued to increase due to an active alliance with The Zetas cartel, contributing millions of dollars a week through their alliance. This is only an estimate of his current net worth based on earnings at that time from drug trafficking alone (i.e., assuming he was not also profiting from other crimes such as kidnapping and extortion). . . . In 2013 Forbes magazine estimated Guzmán’s fortune at $1 billion; by 2015 it was up to $3 billion.
Last Updated on December 25, 2021
Andrew Smith is a professional News researcher and writer. He has been writing latest tending news articles for various news agencies.